Metal Matrix Composite Market worth $467 million by 2025 | Key Players include Materion Corpoation, CPS Technologies Corporation, GKN Sinter Metals, 3M, Destsce Edelstaslwerke GmbH

According to recent market research "Metal Matrix Composite Market by Matrix Type (Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC), Reinforcement Type, Production Technology, Reinforcement Material, End-Use Industry, and Region – Global Forecast to 2025", The global metal matrix composite market size is expected to grow from USD 467 million in 2020 to USD 787 million by 2025, at a CAGR of 11.0% during the forecast period. The metal matrix composite market are growing due to the increasing usage of MMC in the automotive & transportation and aerospace sector.

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Aluminum MMC is the most widely used matrix type of metal matrix composite due to its superior properties such as lightweight, environmental resistance, and superior mechanical properties. Additionally, various reinforcements such as boron continuous fibers, Aluminum MMC is comparatively cheaper than other types of MMC products. It finds applications in various end-use industries, such as automotive & transportation, aerospace, and electrical & electronics. Some of the applications of aluminum MMCs include automotive engine moving parts such as piston pins and connecting rods.

Powder metallurgy is the most widely used technology to manufacture metal matrix composite. This high demand is attributed to the increased adoption of hot pressing, ball mill mixing, extrusion, and vacuum pressing technology to manufacture metal matrix composite. Additionally, its compatibility with various materials and the increasing demand for powder metallurgically produced MMC products from industries such as aerospace and ground transportations are expected to drive the MMC market in powder metallurgy production technology.

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Metal matrix composite (MMC) is formed by reinforcing fibers or particles, such as silicon carbide, alumina, and graphite, with a metal matrix. The metal matrices are based on aluminum, magnesium, and others. The properties of the composite are dependent on the length and alignment of the reinforced fiber. The global carbon capture, utilization, and storage market size is expected to grow from USD 467 million in 2020 to USD 787 million by 2025, at a CAGR of 11.0% during the forecast period.

Over the past years, companies have strengthened their position in the global metal matrix composite market by adopting various strategies and investing a significant amount towards R&D in order to create products that are complied with the strict regulations imposed by serospace & automotive sectors. For instance, in 2018, Materion Corporation made an announcement that the Society of Automotive Engineers - Aerospace Material Specification Nonferrous Alloys Committee (SAE-AMS) has approved AMS4369 and AMS4379 specifications for their MMC products, i.e. SupremEX 225XF and SupremEX 225XE respectively. With these two added specifications, Materion now has a four AMS specifications for its SupremEX product line, allowing engineers to use the combination of properties by combining ultrafine silicon carbide reinforcement with aerospace aluminum alloys. These specifications also allows ist MMCs for aero-engine components and aircraft structures , satellite structures, optical systems and automotive pistons.

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The key players in the market include Materion Corpoation (US), CPS Technologies Corporation (US), GKN Sinter Metals (US), 3M (US), Destsce Edelstaslwerke GmbH (Germany), Metal Matrix Cast Composites, LLC (US), Plansee SE (Austria), CeramTec (Germany), Sandvik AB (Sweden), and Ferrotec Corporation (US) among others. COVID-19 has majorly affected the commercial sectors, including automotive & transportation, aerospace & defense and others. Reduced demand from several OEMs and disruption in the supply chain, have compelled the manufacturing companies to operate at partial capacities and reduced staff.

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